India

Hundreds of depositors gathered outside the Veershaiva Co-operative Bank's branch in Andheri in north Mumbai to demand their money back after the bank was taken over by the Reserve Bank of India.

Most banking transactions across India were affected by strikes of some one million staff.

The service can be accessed by the bank’s $256,718 debit card holders at 5,998 ATM outlets in 1,111 Indian cities.

Experts said NPA’s may grow more behind rising interest rates and demand slowing in pace with the economy.

The Jammu and Kashmir Bank posted a net profit of Rs.182 crore of Rs.1,820 million for the first quarter of this fiscal ending June 30.

 IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201. 

City Union Bank will be setting up more branches and ATMs this fiscal.

Indian Bank will raise a loan of up to $500 million for its overseas operations.

Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.

UCO Bank reported a net profit of Rs.292 cror for April to June, representing a 12.42 % year-on-year growth, according to Yahoo News.

Rising demand for recently released Infinia card prompted the lender to come out with variants.

CIMB Group has entered into the Indian market with the opening of its Mumbai office.

Dip in bad loans and surge in interest income ushered the profit increase.

The lender minimises exposure to various projects and diversify risks.

The lender to acquire 30% of MetLife India Insurance to diversify its business.

The public sector bank eyes using Reg S bond in its first offshore bond offering.